Fiscal Year VDOT Annual Budget June 2011

Transcription

1 Fiscal Year VDOT Annual Budget June 2011

2 For Further Information Contact: Virginia Department of Transportation Financial Planning Division 1221 E. Broad Street, 4th Floor Richmond, VA Telephone: (804) Internet Address:

3 Table of Contents Overview... 4 Revenues... 6 Highway Maintenance and Operating Fund Revenues... 7 Transportation Trust Fund Revenues... 8 Other Fund Revenues... 9 VDOT Allocations Environmental Monitoring and Evaluation Ground Transportations Planning and Research Highway System Acquisition and Construction Dedicated and Statewide Construction Interstate Construction Primary Construction Secondary Construction Urban Construction Highway Construction Program Management Highway System Maintenance Commonwealth Toll Facilities Financial Assistance to Localities Non-Toll Supported Transportation Debt Service Administrative and Support Services VDOT Capital Outlay Support to Other State Agencies VDOT Budget Schedule for Fiscal Year

4 Annual Budget FY Virginia Department of Transportation

5 Overview The Fiscal Year 2012 budget for the Virginia Department of Transportation (VDOT) identifies the estimated revenues and the distribution of the revenues to the related transportation programs. It is based on the most recent official state revenue forecast from December 2010 and estimated federal funding. The VDOT Budget for FY 2012 totals $4,763,560,697, a 43.0% increase from the FY 2011 Budget. VDOT s revenues are provided by dedicated state and federal revenue sources. The major state revenues are estimated by the Department of Taxation and are included in the state s official revenue estimate. VDOT continues to estimate federal revenues based upon information received from Federal Highway Administration (FHWA). The VDOT Budget includes the proceeds and related allocations of the VDOT s portion of the bonds planned to be issued in FY 2012 related to Governor McDonnell s Omnibus Transportation Funding Bill. The bond proceeds are the main driver for the increase over the FY 2011 budget. The planned bond proceeds are from the second of three planned $600 million CPR issues and $48.6 million received from the premium from the previous sales. It also includes the proceeds of $623 million from direct GARVEEs, the first issue supporting the $1.1 billion of direct GARVEEs anticipated over three years. The bond proceeds will support projects identified in the Six-Year Improvement Program. Sources of Transportation Funds Highway Maintenance and Operating Fund $1,459,807,193 Transportation Trust Fund $985,777,773 Priority Transportation Fund $173,974,103 Priority Transportation CPR Bonds $513,875,049 Fund GARVEE Bonds $623,305,000 4% Federal Fund $1,006,821,579 Transportation Trust Fund 21% CPR Bonds 11% GARVEE Bonds 13% Highway Maintenance and Operating Fund 30% Federal Fund 21% Highway Maintenance and Operating Fund $1,459,807,193 Transportation Trust Fund 985,777,773 Priority Transportation Fund 173,974,103 CPR Bonds 513,875,049 GARVEE Bonds 623,305,000 Federal Fund 1,006,821,579 Total $4,763,560,697 Annual Budget FY Virginia Department of Transportation

6 Revenues Overview VDOT s revenues provide funding for debt service, maintenance, administration and construction. This budget reflects the planned use of the revenues available to the agency. The following is a summary of the programs by spending category: FY 2011 FY 2012 INCREASE (DECREASE) Debt Service $257,696,691 $321,699,460 $64,002,769 Other Agencies & Transfers 36,521,428 40,746,451 4,225,023 Maintenance & Operations 1,697,573,095 1,779,134,010 81,560,915 Tolls, Administration, & Other Programs 350,831, ,764,832 5,933,516 Public Transportation & Rail 17,845,250 16,420,165 (1,425,085) Earmarks & Special Financing 306,761,568 1,536,938,088 1,230,176,520 Highway Systems Construction 656,815, ,857,691 55,042,236 Total $3,324,044,803 $4,763,560,697 $1,439,515,894 Highway Systems Construction 15% Debt Service 7% Other Agencies & Transfers 1% Earmarks & Special Financing 32% Maintenance & Operations 37% Public Transportation & Rail 0% Tolls, Administration, & Other Programs 8% Annual Budget FY Virginia Department of Transportation

7 Revenues VDOT s revenues are specifically designated for transportation. Four primary state taxes provide for transportation in Virginia: Motor Fuels Tax, Motor Vehicle Sales and Use Tax, Motor Vehicle License Fee, and State Sales and Use Tax. The following table summarizes VDOT s FY 2012 revenues. Source HMOF Construction* TOTAL Motor Fuels Tax $749,900,000 $84,445,100 $834,345,100 Vehicle Sales and Use Tax 325,400, ,623, ,023,200 Vehicle License Tax 216,100,000 16,763, ,863,100 Retail Sales and Use Tax 0 413,647, ,647,200 Bonds 0 1,137,180,049 1,137,180,049 PTF 0 169,270, ,270,057 Other Sources 168,407, ,003, ,410,412 Federal 0 1,006,821,579 1,006,821,579 Transfer to HMOF 447,767,163 (447,767,163) 0 TOTAL $1,907,574,356 $2,855,986,341 $4,763,560,697 * Includes highway share of TTF, Federal, CPR Bonds, GARVEE Bonds & other special funds ** Other Sources includes Revised Revenue Estimates from 2011, Special Financing, Tolls, Local Revenues, etc. $1,200 $1,000 $ in millions $800 $600 $400 $200 $0 Bonds Federal Motor Vehicle Fuels Tax Other Sources Motor Vehicle Sales and Use Tax Retail Sales and Use Tax Motor Vehicle License Tax HMOF Construction Annual Budget FY Virginia Department of Transportation

8 Highway Maintenance & Operating Fund The Highway Maintenance and Operating Fund (HMOF) is one of VDOT s major funds. It is funded by dedicated state revenues as listed below. The HMOF is intended to provide for the agency s maintenance, operations and administrative needs. Since Fiscal Year 2002, the HMOF has required transfers from the Construction Fund to cover the budgetary needs of the fund. HMOF Revenue Sources FY 2011 FY 2012 Difference Motor Fuels Tax $726,800,000 $749,900,000 $23,100,000 Motor Vehicle Sales & Use Tax 272,700, ,400,000 52,700,000 International Registration Plan 60,300,000 63,200,000 2,900,000 Motor Vehicle Licenses 221,300, ,100,000 (5,200,000) Miscellaneous Revenues 12,700,000 12,900, ,000 Other Revenue 39,717,731 92,307,193 52,589,462 Transfer from Construction 510,998, ,767,163 (63,230,855) Total $1,844,515,749 $1,907,574,356 $63,058, HMOF Revenue Sources otor Fuels Tax 749,900,000 otor Vehicle Sales & Use Tax 325,400,000 ernational Registration Plan 63,200,000 otor Vehicle Licenses 216,100,000 scellaneous Revenues 12,900,000 her Revenue 92,307,193 nsfer from Construction 447,767,163 Motor Fuels Tax 39% Transfer from Construction 24% HMOF Revenue Sources FY 2012 Other Revenue 5% Miscellaneous Revenues 1% Motor Vehicle Licenses 11% Motor Vehicle Sales & Use Tax 17% International Registration Plan 3% Annual Budget FY Virginia Department of Transportation

9 Transportation Trust Fund - Construction The Transportation Trust Fund was created by the 1986 Special Session. VDOT manages the 78.7% of the TTF funds dedicated by the Code of Virginia for highway construction. Special Session funds include motor vehicle fuels tax, motor vehicle sales tax, and state retail sales and use tax. The following table identifies the construction fund revenues by major source. Construction Revenue Sources FY 2011 FY 2012 Difference Special Session $634,529,210 $717,911,259 $83,382,049 Federal Revenues 881,333,645 1,006,821, ,487,934 Local Revenues 59,007, ,382,495 43,375,076 Other Revenues 30,613,346 9,170,388 (21,442,958) GARVEE Bonds 0 623,305, ,305,000 CPR Bonds 132,371, ,875, ,503,150 Total $1,737,855,519 $2,973,465,770 $1,235,610,251 Construction Revenue by Source FY 2012 CPR Bonds 17% Special Session 24% GARVEE Bonds 21% Federal Revenues 34% Other Revenues 0% Local Revenues 4% Annual Budget FY Virginia Department of Transportation

10 Other Fund Revenues In addition to the two major state funds, VDOT manages a number of special funds. Each special fund receives dedicated revenues to be used to support the mission of the program. Other Fund Revenue FY 2011 FY 2012 Difference Dulles $2,000,000 $0 ($2,000,000) Powhite 9,306,819 9,860, ,517 Coleman 6,327,814 6,689, ,234 FRANs 5,000 4,000 (1,000) Northern Virginia Transportation District 39,312,597 43,982,622 4,670,025 Oak Grove 2,640,000 2,640,000 0 Priority Transportation Fund 152,585, ,974,103 21,389,103 Transportation Partnership Opportunity Fund 388,000 1,017, ,000 Route 58 32,577,488 69,678,000 37,100,512 Route 28 7,528,835 7,529, Other 0 14,663,000 14,663,000 Total $252,671,553 $330,037,734 $77,366,181 Total Construction Major Sources (page 8) 1,737,855,519 2,973,465,770 1,235,610,251 Transfer to HMOF (510,998,018) (447,767,163) 63,230,855 Total Construction Fund $1,479,529,054 $2,855,736,341 $1,376,207,287 Other Fund Revenue FY 2012 Dulles 0% Powhite 3% Coleman 2% Frans 0% TPOF 0% Route 58 23% PTF 57% NVTD 14% Oak Grove 1% Annual Budget FY Virginia Department of Transportation

11 Annual Budget FY Virginia Department of Transportation

12 Annual Budget FY Virginia Department of Transportation

13 Summary of Allocations by Program The following table summarizes VDOT s budget by the major budgetary programs (DECREASE) Environmental Monitoring and Evaluation (514) $12,488,085 $11,803,292 ($684,793) Ground Transportation Planning and Research (602) 41,635,095 65,395,932 23,760,837 Highway System Acquisition and Construction (603) 983,944,626 2,254,451,973 1,270,507,347 Highway System Maintenance (604) 1,345,265,474 1,412,550,772 67,285,298 Commonwealth Toll Facilities (606) 51,055,893 49,738,455 (1,317,438) Financial Assistance to Localities (607) 367,149, ,714,477 12,564,615 Non-Toll Supported Transportation Debt Service (612) 248,198, ,583,118 66,384,527 Administrative and Support Services (699) 217,440, ,656,062 (1,784,437) VDOT Capital Outlay (998) 2,500,000 2,500,000 0 Support to Other State Agencies 42,420,163 46,494,253 4,074,090 Support to Ports 519,437 0 (519,437) Support to DRPT Programs 11,427,078 10,672,363 (754,715) TOTAL $3,324,044,803 $4,763,560,697 $1,439,515,894 Annual Budget FY Virginia Department of Transportation

14 Environmental Monitoring and Evaluation (514) The Environmental Program consists of the following service areas: Environmental Monitoring and Compliance for Highway Projects (51408) - To provide efforts to evaluate, monitor and maintain the quality of the state s natural resources as part of a balanced consideration of environmental and transportation needs. VDOT s wetland mitigation program is funded in this service area. Environmental Monitoring Program Management and Direction (51409) - To provide activities related to the management and direction of the program. Adequate and effective management and direction is critical to the success of the program. ENVIRONMENTAL MONITORING & EVALUATION ( ) (DECREASE) Environmental Monitoring & Compliance for Highway Projects (51408) $10,364,773 $9,760,940 ($603,833) Environmental Monitoring Program Management (51409) 2,123,312 2,042,352 (80,960) TOTAL ENVIRONMENTAL MONITORING & EVALUATION $12,488,085 $11,803,292 ($684,793) HMOF 12,488,085 11,803,292 (684,793) Annual Budget FY Virginia Department of Transportation

15 Ground Transportation Planning & Research (602) Ground Transportation Planning and Research is comprised of: Ground Transportation System Planning (60201) - To provide efforts to lead and plan a comprehensive system of ground transportation, including the planning of particular ground transportation projects through surveying, mapping and studies. These studies are the basis for decisions on proposed highway plans, programs and projects, as well as other travel modes and routes throughout Virginia. This includes Land Development activities related to the implementation of Chapter 527. The increased funding in fiscal year 2012 includes additional state funding in the amount of $10 million for pre-scoping activities. Ground Transportation System Research (60202) - To provide efforts devoted to the planning and delivery of a comprehensive ground transportation research, development, consulting and technology transfer program covering the areas of transportation system operations, maintenance, structural design and construction, materials and specifications, safety, environmental stewardship, finance and policy. Additional funding recommended for fiscal year 2012 includes $10 million of state funding for research incentives and implementation as identified in the Research Council Audit. Ground Transportation Program Management and Direction (60204) - To provide activities related to the management and direction of the program. Adequate and effective management and direction is critical to the success of the program. PLANNING & RESEARCH ( ) (DECREASE) Ground Transportation System Planning (60201) $37,203,983 $50,492,044 $13,288,061 Ground Transportation System Research (60202) 1,720,427 11,872,899 10,152,472 Ground Transportation Program Management & Direction (60204) 2,710,685 3,030, ,304 TOTAL PLANNING & RESEARCH $41,635,095 $65,395,932 $23,760,837 HMOF 4,067,899 14,337,864 10,269,965 CONSTRUCTION 19,257,035 29,586,696 10,329,661 FEDERAL 18,310,161 21,471,372 3,161,211 Annual Budget FY Virginia Department of Transportation

16 Highway System Construction Acquisition (603) and Construction (603) VDOT manages the Commonwealth s highway construction program as outlined in the agency s Six-Year Improvement Program that is approved annually by the Commonwealth Transportation Board. The construction program is divided into several service areas. FY 2010 was the first time since the state construction allocation formula was instituted by the 1986 Special Session that no funds were available for distribution to the construction districts and localities. The outlook for FY 2012 remains the same without any construction formula allocations. The Construction allocations include VDOT s share of the planned proceeds from the issuance of the CPR and the GARVEE bonds provided by the Governor s Omnibus Transportation Funding Bill. The budget also contains a significant application of Toll Credits that are used as "soft match" to meet the nonfederal share matching requirements. The federal share on most projects in the future can effectively be increased up to 100 percent. However, the use of soft match does not increase the federal funding available to Virginia. CONSTRUCTION ( ) (DECREASE) Dedicated and Statewide Construction (60302) $291,919,327 $1,523,806,849 $1,231,887,522 Interstate Construction (60303) 306,041, ,011,405 7,970,075 Primary Construction (60304) 221,458, ,348,661 11,890,260 Secondary Construction (60306) 64,669,474 66,365,164 1,695,690 Urban Construction (60307) 64,646,250 98,132,461 33,486,211 Construction Management (60315) 35,209,844 18,787,433 (16,422,411) TOTAL CONSTRUCTION $983,944,626 $2,254,451,973 $1,270,507,347 HMOF 35,209,844 18,787,433 (16,422,411) CONSTRUCTION 111,912, ,245, ,332,943 FEDERAL 695,419, ,745,817 65,326,579 NVTD 4,824,079 25,486,104 20,662,025 OAK GROVE 413, ,250 (3,000) FRANS 1,208,000 4,000 (1,204,000) ROUTE ,942 22,313,012 21,925,070 TPOF 2,193,000 1,016,991 (1,176,009) GARVEE BONDS 0 623,305, ,305,000 CONCESSION 5,000 2,263,000 2,258,000 CPR BONDS 132,371, ,875, ,503,150 The following pages detail each construction service area. Annual Budget FY Virginia Department of Transportation

17 Highway System Acquisition and Construction (603) Dedicated and Statewide Construction (60302) The purpose of the Dedicated and Statewide Construction service area is to design and prepare plans, acquire needed land and construct roads and bridges or support transit or operational activities across the state that are not dedicated to a specific highway system. This includes statewide programs such as the Revenue Sharing and the Safety programs. Funding for the federal Congestion Mitigation and Air Quality Improvement (CMAQ) and Regional Surface Transportation programs which have yet to be distributed by the respective Metropolitan Planning Organizations are included in this service area and will be transferred when identified. It also includes non-toll-related bond-funded construction. DEDICATED & STATEWIDE CONSTRUCTION ( ) (DECREASE) Revenue Sharing $30,000,000 $100,000,000 $70,000,000 Safety 45,540,581 30,337,967 (15,202,614) Safety Match 5,060,064 3,989,106 (1,070,958) Enhancement 17,406,933 24,857,398 7,450,465 Participating Project Costs 15,000,000 15,000,000 0 Statewide and Regional Projects 17,282, ,875, ,592,717 TPOF 387,942 51,016,991 50,629,049 STP Regional 3,401,350 8,939,336 5,537,986 STP Regional Match 850,337 2,234,834 1,384,497 CMAQ 15,315,386 21,001,995 5,686,609 CMAQ Match 3,695,291 6,694,416 2,999,125 GARVEE Projects 0 623,305, ,305,000 Equity Bonus 0 20,000,000 20,000,000 Equity Bonus Soft Match 0 5,000,000 5,000,000 Other 137,979,111 97,554,757 (40,424,354) TOTAL DEDICATED & STATEWIDE CONSTRUCTION $291,919,327 $1,523,806,849 $1,231,887,522 CONSTRUCTION 65,490, ,366, ,876,690 FEDERAL 183,841, ,766,676 (53,074,414) NVTD 4,824,079 25,486,104 20,662,025 OAK GROVE 413, ,250 (3,000) FRANS 5,000 4,000 (1,000) ROUTE 58 1,208,000 22,313,012 21,105,012 TPOF 387,942 1,016, ,049 GARVEE BONDS 0 623,305, ,305,000 CONCESSION 2,193,000 2,263,000 70,000 CPR BONDS 33,556, ,875, ,318,160 Included in the Other item are amounts for Rail Highway Crossings, High Risk Rural Roads, Safe Routes to Schools, Forest Highways, CMAQ TERMS, and state funding for non-federal qualifying construction. Annual Budget FY Virginia Department of Transportation

18 Highway System Construction Acquisition (603) and Construction (603) Interstate Construction (60303) The purpose of the interstate construction service area is to design and prepare plans, acquire needed land and construct roads and bridges on the interstate highway system. The interstate program is federally funded, with state funding providing the needed match. Federal National Highway System funds are soft matched by using federal toll credits. Toll credits are earned when the state, a toll authority, or a private entity funds a capital transportation investment with toll revenues. INTERSTATE CONSTRUCTION ( ) (DECREASE) Interstate Maintenance $49,259,630 $119,639,796 $70,380,166 National Highway System 156,767, ,743,259 (22,024,157) State Match 44,665,146 13,293,311 (31,371,835) Federal Soft Match 0 33,685,815 33,685,815 STP Regional 2,519,477 5,160,000 2,640,523 STP Regional Match 629,869 1,290, ,131 CMAQ 2,953,600 3,924, ,400 CMAQ Match 738, , ,600 Other 48,507,792 1,374,224 (47,133,568) TOTAL INTERSTATE CONSTRUCTION $306,041,330 $314,011,405 $7,970,075 CONSTRUCTION 9,999,971 16,858,535 6,858,564 FEDERAL 251,527, ,152,870 45,625,804 CPR BONDS 44,514,293 0 (44,514,293) Annual Budget FY Virginia Department of Transportation

19 Highway System Acquisition and Construction (603) Primary Construction (60304) The primary construction system is made up of roads that connect cities and towns with each other and with interstates. Primary roads serve the state in the same manner as the Interstate system serves the nation. Historically, the primary construction program received 40% of the funds available for state formula distribution. All of the funds provided in FY 2012 are from those distributed by the CTB or MPOs. PRIMARY CONSTRUCTION ( ) (DECREASE) CMAQ $992,000 $3,328,369 $2,336,369 CMAQ Match 248, ,092 88,092 STP Regional 25,272,293 31,080,754 5,808,461 STP Regional Match 6,318,074 7,770,189 1,452,115 Appalachian Development 44,203,054 40,619,960 (3,583,094) Equity Bonus 52,345,139 7,123,107 (45,222,032) Bridge 20,782,545 34,384,603 13,602,058 Bond Match 36,624,040 0 (36,624,040) Federal Soft Match 0 26,744,073 26,744,073 Other 34,673,256 81,961,514 47,288,258 TOTAL PRIMARY CONSTRUCTION $221,458,401 $233,348,661 $11,890,260 CONSTRUCTION 10,969,395 23,599,221 12,629,826 FEDERAL 173,002, ,749,440 36,747,371 CPR BONDS 37,486,937 0 (37,486,937) Annual Budget FY Virginia Department of Transportation

20 Highway System Construction Acquisition (603) and Construction (603) Secondary Construction (60306) The purpose of the secondary construction service area is to design and prepare plans, acquire needed land and construct roads and bridges on the secondary highway system. Historically, the secondary construction program received 30% of the funds available for state formula distribution and allocated to the counties. As detailed below, no funds are distributed this year through the state allocation formula. SECONDARY CONSTRUCTION ( ) (DECREASE) CMAQ $2,320,080 $4,811,156 $2,491,076 CMAQ Match 580,020 1,202, ,770 STP Regional 3,264,978 7,689,358 4,424,380 STP Regional Match 816,245 1,922,340 1,106,095 STP Under 200,000 7,628, ,943 (6,642,857) Bridge 3,230,268 13,213,487 9,983,219 Equity Bonus 3,980, ,000 (3,180,356) Bond Match 7,692,641 0 (7,692,641) BROS 13,043,854 14,245,262 1,201,408 Tele Fees 10,112,673 11,313,653 1,200,980 Federal Soft Match 0 7,807,016 7,807,016 Other 11,999,559 2,374,159 (9,625,400) TOTAL SECONDARY CONSTRUCTION $64,669,474 $66,365,164 $1,695,690 CONSTRUCTION 11,657,949 14,829,575 3,171,626 FEDERAL 43,404,204 51,535,589 8,131,385 CPR BONDS 9,607,321 0 (9,607,321) Annual Budget FY Virginia Department of Transportation

21 Highway System Acquisition and Construction (603) Urban Construction (60307) The purpose of the urban construction service area is to design and prepare plans, acquire needed land and construct roads and bridges on the urban highway system. Historically, the urban construction program received 30% of the funds available for state formula distribution and allocated to the cities and towns. As detailed below, no funds are distributed this year through the state allocation formula. URBAN CONSTRUCTION ( ) (DECREASE) CMAQ $6,615,086 $11,947,747 $5,332,661 CMAQ Match 1,653,772 3,319,019 1,665,247 STP Regional 12,139,738 17,712,551 5,572,813 STP Regional Match 3,034,935 4,428,138 1,393,203 STP Under 200,000 5,365,462 2,043,600 (3,321,862) Bridge 10,275,386 12,417,654 2,142,268 Equity Bonus 6,084,317 1,387,974 (4,696,343) Bond Match 6,061,899 0 (6,061,899) BROS 612, , ,860 Federal Soft Match 0 8,376,187 8,376,187 Other 12,802,877 35,776,953 22,974,076 TOTAL URBAN CONSTRUCTION $64,646,250 $98,132,461 $33,486,211 CONSTRUCTION 13,794,982 26,591,219 12,796,237 FEDERAL 43,644,809 71,541,242 27,896,433 CPR BONDS 7,206,459 0 (7,206,459) Highway Construction Program Management (60315) The purpose of the construction management program is to provide activities related to the management and direction of the program. Adequate and effective management and direction is critical to the success of the program. The recommendation for reduced funding in FY 2012 represents reduced administrative expenses and an increase in direct expenditures to projects. CONSTRUCTION MANAGEMENT ( ) (DECREASE) TOTAL CONSTRUCTION MANAGEMENT $35,209,844 $18,787,433 ($16,422,411) HMOF 35,209,844 18,787,433 (16,422,411) Annual Budget FY Virginia Department of Transportation

22 Highway System Maintenance (604) The maintenance program consists of: Interstate Maintenance (60401) - To preserve the public s investment through the delivery of an effective and efficient statewide maintenance program to protect and enhance the transportation infrastructure and the safety of the traveling public. Primary Maintenance (60402) - To preserve the public s investment through the delivery of an effective and efficient statewide maintenance program to protect and enhance the transportation infrastructure and the safety of the traveling public. Secondary Maintenance (60403) - To preserve the public s investment through the delivery of an effective and efficient statewide maintenance program to protect and enhance the transportation infrastructure and the safety of the traveling public. Transportation Operations Services (60404) - To improve mobility, safety, travel time reliability and security on the transportation system through the deployment of a variety of operational strategies including regional smart traffic centers, emergency services, traveler services, congestion management and traffic signalization optimization. Highway Maintenance Program Management and Direction (60405) - To provide activities related to the management and direction of the program. Adequate and effective management and direction is critical to the success of the program. HIGHWAY SYSTEM MAINTENANCE ( ) (DECREASE) Interstate Maintenance (60401) $345,261,314 $356,588,745 $11,327,431 Primary Maintenace (60402) 456,737, ,176,380 $13,439,051 Secondary Maintenance (60403) 345,283, ,198,620 $27,915,051 Transportation Operations Services (60404) 120,617, ,826,867 $18,208,869 Highway Maintenance Program Management & Direction (60405) 77,365,264 73,760,160 ($3,605,104) TOTAL HIGHWAY SYSTEM MAINTENANCE $1,345,265,474 $1,412,550,772 $67,285,298 HMOF 1,190,157,505 1,245,244,525 55,087,020 FEDERAL 155,107, ,306,247 12,198,278 Annual Budget FY Virginia Department of Transportation

23 Commonwealth Toll Facilities (606) Revenues collected from toll facilities contribute to Virginia s safe and effective transportation system. Currently, there are eight toll facilities in Virginia: George P. Coleman Toll Facility, Dulles Toll Road, Dulles Greenway, Chesapeake Bay Bridge-Tunnel, Chesapeake Expressway, Downtown Expressway/Powhite Parkway, the Boulevard Bridge and Pocahontas Parkway. Of these facilities, two are currently owned and operated by VDOT: Powhite Parkway Extension Toll Road in Chesterfield County and George P. Coleman Bridge in Gloucester County. The remaining six toll roads are operated by other entities. Toll Facility Acquisition and Construction (60601) - To provide efforts to acquire, construct, and renovate ground transportation toll facilities. To construct needed highway facilities earlier than would be possible with traditional funding sources and without general tax increases, toll facilities have, when practical, been funded through the issuance of bonds. Toll Facility Debt Service (60602) - To provide for the debt service requirements of the debt-financed toll facilities. The bond indentures for the toll facilities require the Commonwealth Transportation Board (CTB) to set toll rates for all classes of vehicles which will provide sufficient net revenues to meet the facility s obligations. Toll roads are typically constructed with debt financing and the subsequent toll collection revenues are used for debt service payments. The remaining state-owned facility collecting tolls to pay debt service on outstanding bonds is the George P. Coleman Bridge located between Gloucester and York counties. The bonds issued to finance the Powhite Parkway Extension have been retired, but the toll revenues are needed to repay the outstanding debts of the facility owed to VDOT and Chesterfield County. Toll Facility Maintenance and Operation (60603) - To provide for the operational costs of the two toll facilities operated by VDOT: the George P. Coleman Bridge and the Powhite Parkway Extension Toll Road. All operating costs associated with that facility are to be paid out of the revenues generated by that facility. Customer service and toll collection are toll facilities main operations Toll Facilities Revolving Fund (60604) - To provide a method to finance and/or refinance existing and potential toll facilities. Interest earnings on the Construction Fund and Highway Maintenance and Operating Fund are deposited in this account. Funds allocated from the Toll Facilities Revolving Account intended for planned or operating toll facilities are considered advance funding in which the Toll Facilities Revolving Account must be reimbursed. TOLL FACILITIES ( ) (DECREASE) Acquistion & Construction (60601) $0 $0 $0 Debt Service (60602) 9,498,100 7,116,342 (2,381,758) Maintenance & Operations (60603) 8,136,533 9,433,042 1,296,509 Toll Facilties Revolving (60604) 33,421,260 33,189,071 (232,189) TOTAL TOLL FACILITIES $51,055,893 $49,738,455 ($1,317,438) DULLES 2,000,000 0 (2,000,000) POWHITE 9,306,819 9,860, ,517 COLEMAN 6,327,814 6,689, ,234 TOLL FACILTIES REVOLVING 33,421,260 33,189,071 (232,189) Annual Budget FY Virginia Department of Transportation

24 Financial Financial Assistance Assistance to Localities to Localities (607) (607) Financial Assistance to Localities consists of: Financial Assistance for City Road Maintenance (60701) - To provide monetary support to localities for capital improvements and/or maintenance of roads and/or transportation facilities. Direct financial assistance is provided to 81 cities and towns to maintain, operate, and improve their arterial and collector roads and local streets. The level of assistance to the respective local governments for maintenance expenditures is based on the number of qualifying lane-miles in each locality and available funding. Financial Assistance for County Road Maintenance (60702) - Provide monetary support in lieu of maintenance services to localities for road maintenance and upkeep where such localities have elected to maintain their own highway systems. Currently, Henrico and Arlington maintain their own roads. Financial Assistance for Planning, Access Roads, and Special Projects (60704) - To manage and distribute funding for recreational and industrial access programs and the Metropolitan Planning federal grant program. The Recreational Access Program provides funding for roads and bikeways to new or expanding non-federal, non-commercial public parks and historic sites. Access roads for qualifying airports and industrial sites, and access tracks for qualified rail users are provided through VDOT s Industrial, Airport, and Rail Access Fund. The Metropolitan Planning Grants are federal funds available to support activities undertaken by Metropolitan Planning Organizations (MPOs) to develop long-range transportation plans and transportation improvement programs. FINANCIAL ASSISTANCE TO LOCALITIES ( ) (DECREASE) Financial Assistance for City Road Maintenance (60701) $306,038,172 $318,241,699 $12,203,527 Financial Assistance for County Road Maintenance (60702) 46,269,449 48,341,539 2,072,090 Financial Assistance for Planning, Access Roads, & Special Projects (60704) 14,842,241 13,131,239 (1,711,002) TOTAL FINANCIAL ASSISTANCE TO LOCALITIES $367,149,862 $379,714,477 $12,564,615 HMOF 352,307, ,583,238 14,275,617 CONSTRUCTION 7,915,805 6,392,360 (1,523,445) FEDERAL 6,926,436 6,738,879 (187,557) Annual Budget FY Virginia Department of Transportation

25 Non-Toll Supported Transportation Debt Service (612) Non-Toll Supported Transportation Debt Service consists of: Highway Transportation Improvement District Debt Service (61201) - To provide for the debt service requirements of the bonds sold to finance transportation improvements in special tax districts. There is currently only one such district, the State Route 28 Highway Transportation Improvement District in Fairfax and Loudoun counties. Designated Highway Corridor Debt Service (61202) - To provide for the debt service requirements of the bonds sold to finance transportation improvements in special designated highway corridors. The Commonwealth Transportation Board has issued transportation revenue bonds for the U.S. Route 58 Corridor Development Program, the City of Chesapeake Oak Grove Connector Project, and the Northern Virginia Transportation District (NVTD) Program. Federal Highway Revenue Anticipation Notes Debt Service (61203) - To provide for the debt service requirements of the Federal Highway Reimbursement Anticipation Notes (FRANs) sold to finance transportation improvements in the Commonwealth. Commonwealth Transportation Capital Projects Bond Act Debt Service (61204) - To provide for the debt service requirements of the bonds sold to finance transportation improvements under the Commonwealth Transportation Capital Projects Bond Act. Grant Anticipation Revenue Bond Debt Service (61205) - To provide for the debt service requirements of the bonds sold as Grant Anticipation Revenue bonds (GARVEEs). NON-TOLL SUPPORTED TRANSPORTATION DEBT SERVICE (61200) (DECREASE) Highway Transportation Improvement Debt Service (61201) $7,528,835 $7,529,625 $790 Designated Highway Corridor Debt Service (61202) 88,084,756 88,091,256 6,500 Federal Highway Reimbursement Anticipation Notes Debt Service (61203) 112,005,441 98,584,053 (13,421,388) Capital Projects Bonds/Reserve (61204) 40,579,559 75,390,050 34,810,491 Grant Anticipation Revenue Bond Debt Service (61205) 0 44,988,134 44,988,134 TOTAL HIGHWAY CONSTRUCTION THROUGH BONDS PROCEEDS $248,198,591 $314,583,118 $66,384,527 FRANS 112,005,441 98,584,053 (13,421,388) NVTD 34,488,518 34,496,518 8,000 OAK GROVE 2,226,750 2,229,750 3,000 ROUTE 28 7,528,835 7,529, PTF 3,668,513 6,853,224 3,184,711 CPR BONDS 36,911,046 68,536,826 31,625,780 ROUTE 58 51,369,488 51,364,988 (4,500) FEDERAL 0 44,988,134 44,988,134 Annual Budget FY Virginia Department of Transportation

26 Administrative & Support Services (699) Administrative and Support Services is comprised of: General Management and Direction (69901) - To provide for the general administrative management, direction and support activities of VDOT. This includes, but is not limited to, accounting services, human resources, succession planning, health and safety services, procurement, facilities management, management studies, policy analysis, process improvements, performance management, internal auditing, innovative financing, financial planning services and oversight of compensation programs for all VDOT employees. The recommendation of reduced funding in FY 2012 represents additional administrative efficiencies and the removal of one-time funding for severance benefits. Information Technology Services (69902) - To provide for administrative management, direction and infrastructure support for tasks including, but not limited to, automated data processing services for citizens and visitors to the Commonwealth, Virginia s legislative bodies, other state and local government agencies as well as its own Department of Transportation employees. The recommendation of additional funding provided in this service area represents the on-going support costs for the new financial management system, Cardinal, and development costs for updates to WebIMS, the inventory management system. Facilities and Grounds Management Services (69915) - To provide physical plant maintenance needs to VDOT facilities. This maintenance work is considered ordinary or routine nature and includes the cost of labor, equipment and materials to make minor repairs to utilities such as plumbing, heating, and electrical; and the maintenance of driveways, parking lots, and yards. The service area also funds small renovation/ alteration projects that cost no more than $10,000. Employee Training and Development (69924) - To provide Employee Training and Development services to VDOT. This includes traditional classroom training and related development activities and tuition reimbursement. ADMINISTRATIVE & SUPPORT SERVICES ( ) (DECREASE) General Management & Direction (69901) $125,566,212 $108,386,783 ($17,179,429) Information Technology Services (69902) 69,414,567 84,446,946 15,032,379 Facilities and Grounds Management Services (69915) 13,554,435 13,852, ,321 Employee Training & Development (69924) 8,905,285 8,969,577 64,292 TOTAL ADMINISTRATIVE & SUPPORT SERVICES $217,440,499 $215,656,062 ($1,784,437) HMOF 211,142, ,351,152 (1,790,864) CONSTRUCTION 728, ,780 5,138 FEDERAL 5,569,841 5,571,130 1,289 Annual Budget FY Virginia Department of Transportation

27 Financial VDOT Assistance VDOT Capital Capital to Outlay Localities Outlay (998) (998) (607) Capital Outlay funding is provided to support the agency s building and renovation needs as well as Maintenance Reserve needs. This funding may be used for acquisition of real property (including buildings or plant) or machinery or equipment, new construction, and improvements related to stateowned real property, buildings, plant, machinery or equipment (including plans therefore), as defined in the Code of Virginia. All capital outlay projects must be approved by the Governor and General Assembly via the Six-Year Capital Improvement Plan and the Biennial Budget. VDOT receives direction from the Department of Planning and Budget and the Department of General Services on the development and execution of the Capital Outlay Program. VDOT CAPITAL OUTLAY ( ) (DECREASE) TOTAL VDOT CAPITAL OUTLAY $2,500,000 $2,500,000 $0 CONSTRUCTION 2,500,000 2,500,000 0 Annual Budget FY Virginia Department of Transportation

28 Support to Other State Agencies VDOT provides funding to other agencies to cover support activities and services related to the transportation programs. SUPPORT TO OTHER STATE AGENCIES (DECREASE) Transportation Appropriation to Other Agencies Department of Education $240,942 $240,942 $0 Marine Resources Commission 313, ,768 0 Secretary of Transportation 624, , ,000 Department of State Police 7,424,304 7,424,304 0 Department of Minority Business Enterprise 1,506,868 1,506,868 0 Department of Historic Resources 100, ,000 0 Department of Rail and Public Transportation 5,898,735 5,747,802 (150,933) Department of Emergency Management 933, ,251 0 Department of Motor Vehicles (truck weighing) 11,532,000 11,532,000 0 Virginia Port Authority 0 2,550,023 2,550,023 Department of Treasury 183, ,163 0 Commercial Space Flight Authority 0 1,500,000 1,500,000 Virginia Liaison Office 140, ,533 0 SUBTOTAL 28,897,990 32,972,080 4,074,090 Transfers to the General Fund Department of General Services 362, ,854 0 Department of Agriculture & Conservation Services 97,586 97,586 0 Chesapeake Bay Initiatives 7,416,469 7,416,469 0 Telecommunication Contract Savings 681, ,606 0 Indirect Costs 537, ,565 0 Department of Taxation 2,926,093 2,926,093 0 SUBTOTAL 12,022,173 12,022,173 0 Transfers to Other Agencies Department of Motor Vehicles (fuel tax evasion) 1,500,000 1,500,000 0 SUBTOTAL 1,500,000 1,500,000 0 TOTAL SUPPORT TO OTHER STATE AGENCIES $42,420,163 $46,494,253 $4,074,090 HMOF 39,142,779 41,716,852 2,574,073 CONSTRUCTION 3,272,359 4,772,895 1,500,536 TOLL FACILITIES REVOLVING 4,967 4,497 (470) TPOF 58 9 (49) Annual Budget FY Virginia Department of Transportation

29 Financial Assistance VDOT Capital to Localities Outlay (998) (607) The following table summarizes VDOT s budget by major program and major fund. Program HMOF Construction Federal Bonds Other* Total Environmental Monitoring and Evaluation (514) $11,803,292 $0 $0 $0 $0 $11,803,292 Ground Transportation Planning & Research (602) 14,337,864 29,586,696 21,471, ,395,932 Highway System Acquisition and Construction (603) 18,787, ,245, ,745,817 1,137,180,049 51,493,357 2,254,451,973 Highway System Maintenance (604) 1,245,244, ,306, ,412,550,772 Commonwealth Toll Facilities (606) ,738,455 49,738,455 Financial Assistance to Localities (607) 366,583,238 6,392,360 6,738, ,714,477 Non-Toll Supported Transportation Debt Service (612) ,988, ,594, ,583,118 Administrative and Support Services (699) 209,351, ,571, , ,656,062 VDOT Capital Outlay (998) 0 2,500, ,500,000 Support to Other State Agencies 41,716,852 2,610, ,166,778 46,494,253 Support to DRPT Programs 0 10,672, ,672,363 TOTAL $1,907,824,356 $338,007,359 $1,006,821,579 $1,137,180,049 $373,727,354 $4,763,560,697 * - Other includes tolls, PTF, Route 58, Route 28, Oak Grove, and TPOF Annual Budget FY Virginia Department of Transportation

30 Budget Comparison Schedule for FY 2012 Revenues Revenue provided by the General Fund of the Commonwealth $68,000,000 Taxes 1,891,386,375 Rights and privileges 313,577,345 Sale of property and commodities - Interest, dividends, and rents 40,025,904 Fines, forfeitures, court fees - Penalties, and escheats 1,400,000 Receipts from localities and private sector 93,634,842 Federal grants and contracts 1,006,821,579 Toll revenues 27,549,384 Other 183,985,219 Total revenues 3,626,380,648 Other financing sources Other financing sources - Bond proceeds 1,137,180,049 Note proceeds - Transfers from other state agencies and General Fund - Transfers in - Total other financing sources 1,137,180,049 Total Revenues and other sources $4,763,560,697 Annual Budget FY Virginia Department of Transportation

31 Financial Budget Comparison Assistance VDOT Capital to Schedule Localities Outlay for (998) (607) FY 2012 Expenditures Administrative and support services $215,656,062 Ground transportation system planning and res 65,395,932 Highway system acquisition and construction 2,254,451,973 Highway system maintenance 1,412,550,772 Financial assistance to localities 379,714,477 Environmental monitoring and compliance 11,803,292 Toll facility operations and construction 42,622,113 Capital outlay 2,500,000 Debt Service: Interest (Notes and Bonds) 136,282,575 Retirement of bonds and notes 178,563,661 PTF Debt Service Reserve 6,853,224 Total expenditures 4,706,394,081 Other financing uses Other financing uses - Reversion to the General Fund of the Commonwealth - Transfers to other state agencies and General Fund 57,166,616 Transfers out - Total other financing uses 57,166,616 Total expenditures and other uses 4,763,560,697 Revenues and other sources over (under) expenditures and other uses $ - Annual Budget FY Virginia Department of Transportation